If you're in Oz ... and own your own home ...
Feb 4th 2008, 8:18 am
#46
Banned
Joined: Jan 2004
Location: Morayfield - The Posh Part
Posts: 10,138
Re: If you're in Oz ... and own your own home ...
Hey I aint gloating, its gonna cripple me lol !
But it is coming
I blame the Americans.
Why, cos they are American !
But it is coming
I blame the Americans.
Why, cos they are American !
Feb 4th 2008, 8:49 am
#47
Account Closed
Thread Starter
Joined: Sep 2007
Posts: 5,768
Re: If you're in Oz ... and own your own home ...
Will pm you, cheers.
We pay about 15% as direct mortgage repayments, but that would take 30 years to clear. So I pay another 15% in to an offset account which not only reduces the balance but also the interest charges (and so the regular payments are reducing the balance even faster). We should clear the mortgage in about 6 years (unless we finds things to spend the offset on).
... cos they're almost American ...
Feb 4th 2008, 9:04 am
#48
Banned
Joined: Jan 2004
Location: Morayfield - The Posh Part
Posts: 10,138
Re: If you're in Oz ... and own your own home ...
Feb 4th 2008, 9:17 am
#49
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,547
Re: If you're in Oz ... and own your own home ...
Oh and don't forget ... http://i165.photobucket.com/albums/u...lamecanada.gif ... cos they're almost American ...
Dec 29th 2008, 9:12 am
#51
Forum Regular
Joined: Jul 2007
Location: Melbourne
Posts: 219
Re:applying for a mortgage in oz
Hi,
just wanted to know if you include Family tax benefit in income when applying for a mortgage when it asks other income as well as wages earned? Also when it asks other expenses, does this mean food, all bills you are paying at present?or does it just mean other credit cards and loans? thanks in advance.
just wanted to know if you include Family tax benefit in income when applying for a mortgage when it asks other income as well as wages earned? Also when it asks other expenses, does this mean food, all bills you are paying at present?or does it just mean other credit cards and loans? thanks in advance.
Dec 29th 2008, 10:16 am
#52
Guest
Posts: n/a
Re: applying for a mortgage in oz
Hi,
just wanted to know if you include Family tax benefit in income when applying for a mortgage when it asks other income as well as wages earned? Also when it asks other expenses, does this mean food, all bills you are paying at present?or does it just mean other credit cards and loans? thanks in advance.
just wanted to know if you include Family tax benefit in income when applying for a mortgage when it asks other income as well as wages earned? Also when it asks other expenses, does this mean food, all bills you are paying at present?or does it just mean other credit cards and loans? thanks in advance.
Dec 29th 2008, 10:27 pm
#53
Forum Regular
Joined: Jan 2002
Posts: 239
Re: If you're in Oz ... and own your own home ...
<Snipped by moderator>
Last edited by cresta57; Dec 29th 2008 at 10:40 pm. Reason: Advertising should go in the classifieds section
Jan 18th 2009, 2:29 pm
#54
Forum Regular
Joined: Jan 2009
Location: Sydney
Posts: 37
Re: applying for a mortgage in oz
Hi,
just wanted to know if you include Family tax benefit in income when applying for a mortgage when it asks other income as well as wages earned? Also when it asks other expenses, does this mean food, all bills you are paying at present?or does it just mean other credit cards and loans? thanks in advance.
just wanted to know if you include Family tax benefit in income when applying for a mortgage when it asks other income as well as wages earned? Also when it asks other expenses, does this mean food, all bills you are paying at present?or does it just mean other credit cards and loans? thanks in advance.
Other expenses refer to ongoing (financial) commitments excluding food, utilities etc (which are automatically estimated based on the number of applicants and dependents).
